Latest in GOP senator says 'tariffs is a tax' and Trump understands 'completely'
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Live updates: House sends funding bill to Senate; Ontario backs off power surcharge
Republicans in Congress are racing to pass a GOP stopgap funding bill by 11:59 p.m. Friday to avert a government shutdown. The House on Tuesday passed the measure 217-213, sending it to the Senate ...The Hill - 2d -
Senate confirms Lori Chavez-DeRemer as labor secretary in bipartisan vote
Democrats joined Republicans in confirming former GOP Rep. Lori Chavez-DeRemer as President Trump's labor secretary.CBS News - 3d -
U.S. business owners respond to tariff war
President Trump on Thursday threatened to put a 200% tariff on European alcohol if the European Union puts a 50% import tax on American whisky in retaliation for his tariffs on steel and aluminum. ...CBS News - 17h -
Trump says he's doubling tariffs on Canadian steel and aluminum to 50%
President Trump said that he will impose even higher tariffs on Canadian steel and aluminum imports beginning on Wednesday.CBS News - 3d -
Schumer says Democrats will block GOP funding bill, raising shutdown alert
Minority Leader Chuck Schumer said Wednesday that Senate Democrats will not provide the votes to pass the House-approved deal to fund the government.ABC News - 1d -
Lutnick says Trump tariffs 'worth it' even if they lead to recession
Commerce Secretary Howard Lutnick said Tuesday that President Trump’s tariff policies will be worth it, even if the economy ends up in a recession. In an interview that aired Tuesday, CBS News’s ...The Hill - 2d -
Tesla says it is 'exposed' to retaliatory tariffs
Tesla warned U.S. trade representative (USTR) Jamieson Greer that the electric vehicle company and other American exporters are “inherently exposed” to retaliatory tariffs levied in response to ...The Hill - 2h -
Trump rejects pleas from business for more clarity on tariffs: 'They always say that'
Trump and his aides warned amid the tariff controversy that Americans could be in store for some temporary economic strain — including higher prices.CNBC - 3d -
What alcohol would cost more under 200% Trump tariff?
Experts say President Donald Trump's proposed tariff on European Union alcohol would be disruptive to the U.S. market and consumers.The Hill - 5h -
Carney ready to talk trade with Trump if 'there's respect for Canada's sovereignty'
Prime minister-designate's comments follow Canada's reciprocal tariffs on US imports after Trump slapped taxes on steel and aluminium.BBC News - 1d -
‘Economic self-harm’: Australia says it won’t impose reciprocal tariffs on U.S.
Australia said it will not impose reciprocal tariffs on the U.S. after President Trump ruled out exemptions or exceptions for all countries on steel and aluminum tariffs, saying it would only ...NBC News - 2d -
Education Dept. slashes workforce; new tariffs roil US markets
President Donald Trump is planning to cut nearly 1,300 Department of Education employees, about half of its total staff, with an ultimate goal of shutting down the agency completely. It comes as ...NBC News - 2d -
Schumer says he will vote to advance GOP spending bill, lowering threat of shutdown
Senate Democratic Leader Chuck Schumer (N.Y.) announced on the Senate floor Thursday that he plans to vote to advance a House-passed six-month government funding bill, despite the strong opposition ...The Hill - 18h -
Aftershocks of Supreme Court’s Immunity Ruling Echo in New Trump Cases
The real legacy of the case, scholars say, is not its protection of former presidents from prosecution but its expansive understanding of presidential power.The New York Times - 4d -
How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.The New York Times - 3d -
Kentucky bourbon maker says Trump tariffs immediately impacted his business
President Trump's 25% tariffs on all imported steel and aluminum have taken effect. Victor Yarbrough, CEO of Brough Brothers Distillery, the first African American-owned distillery in Kentucky, ...CBS News - 1d -
Schumer says he will vote yes on GOP funding bill
Senate Minority Leader Chuck Schumer called it a “Hobson’s choice” and that the Republican bill is a “terrible option” but indicated he would vote yes on the funding bill to prevent a government ...NBC News - 17h -
Avocado grower Mission Produce says it will try to work around Mexico tariffs, but holds off on predicting exact impact
Avocado grower Mission Produce Inc. on Monday said it would try to work around any tariffs on imports from Mexico, but its outlook for the months ahead didn’t include the impact of those extra ...MarketWatch - 3d -
Trump will not impose 50% Canadian steel, aluminum tariffs tomorrow, says top trade advisor
President Donald Trump also declared that if Canada does not lift other tariffs on the U.S., he will "substantially increase" auto import tariffs next month.CNBC - 2d -
Schumer says he'll vote for GOP funding bill, other Democrats criticize plan
Senate Minority Leader Chuck Schumer says he'll vote in favor of House Republicans' stopgap funding bill as Congress barrels toward the deadline to avert a government shutdown. Siobhan Hughes, ...CBS News - 5h -
Republicans warn Trump not to let trade war drag as he doubles down on tariff threats
Senate Republicans are warning President Trump to not let his trade war drag on as his latest escalation sent Wall Street further into turmoil. Trump on Tuesday threatened to double tariffs on ...The Hill - 2d -
Chainsaws, coffeemakers, gum: How the E.U. is targeting U.S. products with retaliatory tariffs
The European Union is planning new tariffs on a wide range of U.S. imports next month in response to President Donald Trump’s new taxes on imported aluminum and steel that went into effect Wednesday.MarketWatch - 2d -
What to know after Schumer says he'll vote for GOP bill to avert government shutdown
Just a day after saying Republicans didn't have the votes to pass their continuing resolution, Senate Minority Leader Chuck Schumer says he'll vote to keep the government open. Congress has until ...CBS News - 3h -
Democratic leaders amp up pressure on Senate colleagues to oppose GOP spending bill: ‘Stand with us’
The leading Democrats in the House are ramping up the pressure on Senate Democrats to oppose the GOP’s spending bill, warning that the proposal would slash crucial public services to vulnerable ...The Hill - 1d -
President Trump threatens additional tariffs on Canada, European Union
The trade war is escalating as President Trump says he may impose additional tariffs on Canada and the EU. Canada has put 25% reciprocal tariffs on nearly $21 billion worth of American imports, ...CBS News - 1d -
It’s ‘Maganomics’: Trump’s brash economic strategy is likely to end in crash or crisis | Jonathan Portes
Large tax cuts for the rich, import tariffs, and the competing interests of Republican nationalists and the techno-right is a dangerous combination. What connects Donald Trump’s approach to trade, ...The Guardian - 2d -
Tariffs could make some popular side hustles and small businesses harder to run: 'The expenses have already started,' CEO says
The Trump administration's China tariffs could have an unintended consequence, some CEOs say: a higher barrier to entry for American entrepreneurs.CNBC - 4d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
Democrats says "wealthy tax dodgers" could see less IRS scrutiny amid agency layoffs. Here's what to know.CNBC - 3d -
Sec. of State Rubio says purge of USAID programs complete, 83% of programs gone
Secretary of State Marco Rubio is signaling that the Trump administration has finished its six-week dismantling of the six-decade-old U.S. Agency for International DevelopmentABC News - 4d -
Trump makes new Mexico, Canada tariffs threat as UAW leader backs his policy
Shawn Fain, the president of the United Auto Workers union, is backing President Trump's tariffs strategy. This comes as President Trump says tariffs against Canada and Mexico could rise in the ...CBS News - 3d -
GOP lawmaker on Ontario electricity surcharge: 'It's only going to help Trump'
House Majority Whip Tom Emmer (R-Minn.) said Monday that Ontario’s 25-percent surcharge on electricity exports to his state — announced in response to President Trump’s tariffs on Canada — will ...The Hill - 3d -
Who Likes Tariffs? Some U.S. Industries Are Eager for Them.
Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.The New York Times - 3d -
Lutnick defends Trump tariffs: ‘This is the way you run the country’
Commerce Sec. Howard Lutnick defended President Trump’s approach to tariffs, saying on Sunday the president is focused on stopping fentanyl from entering the country and is actively engaging with ...The Hill - 5d -
Schumer to vote for GOP spending bill amid Democratic divisions
Senate Minority Leader Chuck Schumer says that he is ready to advance Republicans’ funding bill to avert a government shutdown. It marks a major reversal from two days ago and the strategy is ...NBC News - 5h -
21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation
A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as the GOP seeks to overhaul the U.S. tax code. In a new letter dated ...The Hill - 4d -
Donald Trump threatens 200% tariff on EU wine and champagne
US president says levy on alcohol imports would be retaliation for ‘nasty’ 50% tariff imposed on bourbon whiskey. US politics live – latest updates Donald Trump has threatened a 200% ...The Guardian - 22h -
Senate to vote on GOP measure to avert shutdown as Democrats fume
The Senate is expected to begin voting Friday afternoon on a Republican-led stopgap measure to keep the government funded ahead of a midnight deadline.CBS News - 1h -
The alcohol trade war has broken out — and is coming for your glass of wine
President Donald Trump on Thursday threatened 200% tariffs on alcoholic products from the European Union, saying the import taxes would come “shortly” unless the E.U. backs down from its plan to ...MarketWatch - 22h -
Stephen Moore: Tariffs 'are not a pick-me-up' for economy
President Trump’s former economic adviser, Stephen Moore, criticized the president’s approach to tariffs, saying the strategy does not provide the boost the already “wobbly” U.S. economy needs. “I ...The Hill - 4d